Lallemand acquires CerealTech

Singapore and Montreal, Canada, 30 September 2024 – Lallemand Inc. has acquired the CerealTech Pte Ltd bakery ingredients business based in Singapore from its founding and investor shareholders. Lallemand will integrate the business and associated employees into its Lallemand Baking Solutions (LBS) business effective October 1st. CerealTech will continue to operate from Singapore under its existing branding and with its current operations and commercial teams.

LBS is a leading global supplier of clean-label bakery ingredients to the baking Industry based on its core competencies of fermentation for the production of enzymes and other specialty ingredients, such as inactivated functional yeasts, nutritional yeasts, and flavor solutions for sourdoughs.

“I believe that the combination of CerealTech experience, passion, and commitment to the baking industry, with Lallemand’s own ingredients portfolio, industrial application knowledge, and innovation capabilities, will benefit our respective customers. As such, together, we will be even better placed to meet our customers’ requirements;’ said Mario Pires, President and General Manager of LBS. “We see the capabilities of the CerealTech team, its baking application know-how, its geographical footprint, and its strong brand recognition as very complementary to our current business and a strong foundation for LBS growth in these regions:’

“CerealTech is looking forward to being part of the Lallemand family as this will give us even better innovation capabilities to serve the baking industry, strengthening our established foundation in the markets we operate;’ said Foo Koo Kin, founder and CEO of CerealTech.

Both parties have agreed not to disclose the financial and commercial terms of the transaction.

Contact Lallemand:

Mario Pires

President & General Manager Lallemand Baking Solutions Phone:+41 79 250 0930

e-mail: mpires@lallemand.com

Contact CerealTech:

Foo Ko Kin CEO

Cerealtech Pte Ltd Phone: +6597555588

E-mail: fkk@cerealtech.com

About CerealTech

CerealTech is a company servicing Industrial Bakeries from Asia Pacific to the Middle East, providing baking ingredient solutions. Through innovation, creates, customizes, and delivers solutions to countries with different requirements. CerealTech’s continuous innovation with enzymes and micro-ingredients allows clients to sustainably achieve food consistency globally and production at scale. For more information, please visit the website: www.cerealtech.com

About Lallemand Inc.

Lallemand is a family-owned business headquartered in Canada, whose focus is on the development, production, and marketing of yeasts, bacteria, fungi, and enzyme-based solutions across the baking, food ingredients, human and animal nutrition, and health, biofuels & distilled spirits, crop protection/nutrition, oenology, and brewing sectors. Lallemand is present in more than 50 countries, operates more than 50 production plants, and has circa 5,500 employees. For more information, please visit the website: www.lallemand.com